BTC and ETH are approaching the biggest pain point for options, with $2.2 billion in contracts about to expire

2026-01-09 06:20:11

【Crypto World】Bitcoin just hovered around $90,985, and the key level of $90,000 is exactly the “biggest pain point” in the current options market — in other words, traders are watching it closely. The situation with Ethereum is similar; the current price of $3,113 has already surpassed the pain point level of $3,100.

This options expiration is significant — over $2.2 billion in contracts are set to be settled on a major derivatives platform. Interestingly, the options market for Bitcoin appears relatively balanced, with bullish and bearish forces roughly equal, which suppresses volatility spikes. But Ethereum is different; the open interest in call options is noticeably higher, and once they expire, it could likely push the price upward.

Currently, traders are focusing on two things: when the December US employment data will be released, and tonight’s Supreme Court ruling on Trump’s tariffs. Both events could shake the market and cause considerable volatility. The combination of options expiration and macroeconomic expectations suggests that the coming days could be quite interesting.

BTC4,7%

ETH6,24%

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TommyTeacher1

· 01-11 13:15

The 90k level is really stuck, both bulls and bears are holding their breath here. ETH's bullish options are piling up; how could they not run when they expire? With 2.2 billion in contracts, we're just waiting for tonight's court ruling for a big show. Employment data hasn't been released yet, so let's keep our cool. BTC is balanced to this extent, making it even harder to judge the direction. Ethereum feels like it's about to take off, but it could also jump off a high platform. Once the tariff policy is announced, the market will either surge wildly or crash. With such obvious pain points, how could the big players let it go? The bulls and bears are so deadlocked; let's wait and see if there's a black swan.

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CounterIndicator

· 01-10 22:37

90000 this level really makes you anxious, just waiting for a breakout ETH's bullish options are so stacked this time, could it really push it up? $2.2 billion in liquidations, just thinking about it is exciting. Will tonight's market explode? The tariff ruling is expected to cause another plunge. What is the Federal Reserve thinking this time? The long and short sides are so balanced, which isn't a good sign. It often means the calm before a surge

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MergeConflict

· 01-09 08:09

Is the 90,000 level really that critical? It feels like every time it's called a key level, nothing happens. With such heavy call options on ETH, are there really so many people betting on a rise... 2.2 billion in expiry, just thinking about it is exciting. Could it cause a sell-off? Employment data and tariff rulings coming together? Tonight might be a bloodbath. The fact that BTC's bulls and bears are balanced and stable is a bit interesting, but ETH is about to surge... something's off. Are we about to get liquidated again? Every time I hear about pain point liquidations, it turns out retail investors get wiped out. If we can't hold the 90,000 mark, will there be a second retracement?

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FOMOmonster

· 01-09 06:47

90,000 this level is really being watched closely, it feels like it's about to either crash or surge right now 2.2 billion dollars, how many people are betting on this Ethereum's bullish options are so heavy, it shows everyone thinks it's about to take off Let's see if tonight's court ruling can give us some excitement The balance between bulls and bears is actually a bit scary, like the calm before the storm Once the key data is released, us retail investors are probably going to get harvested again

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GasFeeDodger

· 01-09 06:46

The 90,000 level is really a bottleneck, let's wait and see if it can break through. ETH is so bullish, it will probably rally again on expiration day. 2.2 billion in explosive orders, it doesn't seem that simple. Jobs data is coming out, better run quickly, it will definitely cause chaos. Ethereum is about to take off, it feels like the bulls are gathering strength. BTC's balance is a bit strange, I always feel like someone is holding a big move. Tonight's tariff ruling is the real killer move, everyone is eager and ready. This bullish lineup, it feels promising. Holding the 90,000 level is really tough, can it actually hold? Ethereum keeps rising, who will support this options explosion this time?

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BankruptWorker

· 01-09 06:36

90,000 this level is really tightly capped, feels like the bears are building a fortress here 2.2 billion needs to be liquidated, just thinking about it makes me nervous ETH call options are so heavy, so let's wait and see the show tonight When the employment data is released, forget everything else As soon as the tariff ruling comes out, I knew how to operate The 90,000 hurdle, it's really uncomfortable if I can't break through Is there a feeling that ETH is about to take off, guys? Both bulls and bears are guarding, just afraid of a sudden black swan Oh my, 2.2 billion, that scale is incredible So many call options, why hasn't ETH taken off yet? Wait and see tonight for the real outcome

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LiquidityLarry

· 01-09 06:35

90,000 positions so fixed, feels like a battle here 2.2 billion maturing is not a small number, can this wave explode? The bullish Ethereum outlook is so strong, if the wind doesn't move tonight, it will be awkward Waiting for employment data, the rhythm feels more exciting than the market itself Long and short have been fighting for so long without a winner, it's so boring

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